365 Days With My Mother-in-Law: Boots on the Ground View of Barcelona’s Economy
It remains in a state of suspended animation… Read More 365 Days With My Mother-in-Law: Boots on the Ground View of Barcelona’s Economy
Category: Faux Recovery
The Tech Wreck of Zero-Dividend Stocks Arrives on the Wings of Rising Treasury Yields
Most Americans do not realize that cash dividends on stocks have historically represented, in real terms (after inflation), approximately 75 percent of stocks’ long-term total return… Read More The Tech Wreck of Zero-Dividend Stocks Arrives on the Wings of Rising Treasury Yields
Are The Days Of The “K-Shaped” Con Finally Over?
The pandemic has been a financial and political boon to the 1%. Will they really change the pattern in the next round of bailouts?… Read More Are The Days Of The “K-Shaped” Con Finally Over?
Wall Street Sends a Message to the Fed: We Have Run Out of Places to Stuff Your Treasuries
That the Treasury market is now projectile vomiting T-notes should come as a surprise to no one… Read More Wall Street Sends a Message to the Fed: We Have Run Out of Places to Stuff Your Treasuries
Mario Draghi Is the Problem, Not the Solution
The advent of a Draghi government speaks volumes about the nature of Italian (post-)democracy, and the perverse effects that the euro has had on the country’s economic, social and political fabric… Read More Mario Draghi Is the Problem, Not the Solution
GameStop Shares: Dark Pools Owned by Goldman Sachs, JPMorgan, UBS, et al, Have Made Tens of Thousands of Trades
What’s being ignored in all the current hoopla is that the largest federally-insured banks in this country, that now double as trading casinos and Dark Pools thanks to the repeal of the Glass-Steagall Act, have every incentive to suck in the small investor at the top of a market bubble in order to create an escape route for themselves… Read More GameStop Shares: Dark Pools Owned by Goldman Sachs, JPMorgan, UBS, et al, Have Made Tens of Thousands of Trades
The Fed Has a Problem: Yields Have Doubled on the 10-Year Treasury in Six Months, Despite the Fed Buying $400 Billion in Treasury Securities
All of the billions of dollars in Treasuries that the Fed has bought since August 6 are now trading at losses.… Read More The Fed Has a Problem: Yields Have Doubled on the 10-Year Treasury in Six Months, Despite the Fed Buying $400 Billion in Treasury Securities
Wall Street’s Casino Banks Party Like It’s 1929
Following the stock market crash in 1929, more than 9,000 banks in the United States failed over the next four years. In just the one year of 1933, more than 4,000 banks closed their doors permanently as a result of insolvency… Read More Wall Street’s Casino Banks Party Like It’s 1929
Welcome to a Rerun of the Roaring ’20s
Bloomberg News attempts to capture the “speculative frenzy” of today’s markets; here’s the key stuff it missed.… Read More Welcome to a Rerun of the Roaring ’20s
The Next Dollar Problem Has Just Arrived
The pace of monetary destruction is making a new leap. In the last two weeks of November, M1 money supply jumped by over 14% — an annualised rate of 367%… Read More The Next Dollar Problem Has Just Arrived
The ECB Adds Another Half Trillion in QE, Even As Italy Eyes Debt Cancellation on the Last Batch
The central bank is in effect holding the fort through the worst of the crisis and shielding vulnerable states from markets until late 2021… Read More The ECB Adds Another Half Trillion in QE, Even As Italy Eyes Debt Cancellation on the Last Batch
Student Loan Horror Stories: Borrowed: $79,000. Paid: $190,000. Now Owes? $236,000
At 59, Chris pleaded for a renegotiation. “My life expectancy is 15 more years. At this rate, you’re not going to get very much…’ Their response was, ‘So?'”… Read More Student Loan Horror Stories: Borrowed: $79,000. Paid: $190,000. Now Owes? $236,000
Rigged Game 